10 Feb 1971
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 10, 1971
Page
1
A fragment notes New York related entities in bankruptcy or receivership or undergoing reorganization under the Bankruptcy Act. It mentions securities assumed by such companies and an overseas issue subject to an interest equalization tax, indicating financial distress and regulatory considerations.
The Apollo 14 astronauts Shepard Mitchell and Roosa, shielded by protective masks, were brought back from the moon and placed in quarantine after a preliminary medical exam showed them in good condition. NASA engineer Culbertson tends van systems as the crew heads toward Samoa then Pago Pago for formal quarantine aboard an Air Force transport.
President Nixon announced he will resubmit the nomination of P. Ellis Almond of Albemarle, North Carolina, to be U S marshal for North Carolina's middle district for a four year term. Almond was first nominated last May and has served by court appointment for the past 11 months.
David R. Parker Jr. of High Point is named a director of the National Association of Engine and Boat Manufacturers. He serves as president of the Hatteras Yacht Division of North American Rockwell Corp.
Beeson of Thomasville district Jefferson Standard Life Insurance will address the Beeson Speaker Trap of the NOC Association of Life Underwriters at the February meeting. A 22 year life insurance veteran, he is Greenwood Baptist Church deacon and East Davidson High advisory council secretary. The program begins Thursday Feb 11 at 9:00 AM in Holiday Inn Downtown Cellar Room.
Hanes Corp reports 1970 sales of 177.1 million, a record above 1969’s 156.9 million. Net operating income is 5.15 million, 1.33 dollars per share, after a 5.35 million tax provision. Extraordinary gain from surplus property adds 1.19 million, lifting total net income to 6.35 million or 1.64 dollars per share, subject to final audit.
United States news recalls the San Fernando Valley earthquake near Los Angeles. The disaster devastates Sylmar Veterans Administration facility and Olive View hospital, with over 44 killed and hundreds injured. Rescue crews battle rubble as damaged freeway overpasses collapse and evacuations are ordered for Van Norman Lake region. Nuclear and urban impact loom large.
Senator George D. Aiken urged Southeast Asian nations to convene a regional conference in Asia including Japan and Russia to seek peace in Laos Cambodia and Vietnam. He argued peace must come from within the region not be imposed by the United States or others.
Carlisle Pennsylvania AP Sen Sam J Ervin of North Carolina denounces a federal program requiring employees to attend psychological training sessions and to reveal personal data. He cites a Department of State passport file with 243 135 names as evidence of invasive information programs.
White House press secretary Ronald Ziegler said the number of U S ground combat troops in South Vietnam after May 1 would exceed 100 000 rather than 40 000 to 45 000, due to differing definitions of ground combat and security roles. He noted infantry security forces protecting bases are not included in the combat figure, a distinction tied to allied attacks in Laos.
In Wilmington North Carolina a night curfew was lifted by Mayor L M Cromartie after a rash of firebombs caused property damage to two stores and a business office. National Guardsmen and police maintained patrols while officials hoped violence was ending. Attendance in schools neared normal with absenteeism previously as high as 63 percent, and officials urged continued restrictions on alcohol sales and nighttime travel pending stabilization.
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